Unimproved lot or parcel means a lot or parcel of a
Unimproved lot or parcel means a lot or parcel of a subdivision that is not an improved lot or parcel.
Hotel Property means a Property on which there is located an operating hotel.
Parcel means an identifiable unit of land that is treated as separate for valuation or zoning purposes.
Mortgaged Property shall have the meaning assigned to such term in the recitals.
Leasehold condominium means a condominium in which all or a portion of the real estate is subject to a lease the expiration or termination of which will terminate the condominium or reduce its size.